Principles and procedures of decision making as applied to the allocation of resources for the profitable organization and operation of the farm business. The analysis and interpretation of basic farm accounting records and the use of this information in planning future farm decisions and financial management.  Emphasis is placed on use of principles of economics and their application to the decision-making process, budgeting techniques, linear programming, and investment analysis, balance sheet, and income statement analysis.  Includes exercises on the application of principles to specific farm management problems.